- Category: Egheomhanre Eyieyien
- Published on Saturday, 07 January 2012 01:27
- Written by Egheomhanre Eyieyien
- Hits: 808
Dear President Goodluck Jonathan,
I believe your emergence as Nigeria's President in this season was by God's Ordination. However, I am concerned that you have lost so much goodwill in just seven months with the same people who supported you vigorously and voted you into office as President.
Unfortunately, it apperas that you have unwittingly played into the hands of your opponents and detractors who want you to fail God and Nigerians. You must not allow this!
Your people must be the priority of your government not the "Forces of Demand and Supply". In a nation with no social safety nets, good healthcare, poor infrastructure, an impoverished populace and a kleptocratic ruling class, fuel subsidy removal should have been phased. Gradualism is a well-established principle in economic policy management. The shock impact of the 1st January, 2012, announcement has been more disruptive economically, socially, mentally and even spiritually than the proponents of fuel subsidy removal could have ever imagined. Now, there is a real threat to the continuity of Nigeria as a nation!
Please, permit me to suggest the following as a possible way out of the national dilemma we are now in:
1. Immediately revert the pump price of petrol to N65. This may make you look weak to your enemies and detractors but would actually be an indication of your true strength and statesmanship.
2. Get a Special Appropriation Bill sent to the NASS for the investment of about US$5Billion, or whatever is required, to BUILD NEW REFINERIES and refurbish the existing ones in the country to produce petroleum products beyond our local consumption so the excess is EXPORTED.
3. The Old and New Refineries should be concessioned for private management by international refineries operators for a period of twenty-five years, over which period the initial investment of $5Billion would have been recovered and some profit made by the government.
4. Upon building the refineries and concessioning them, the DEREGULATION OF PETROLEUM PRODUCTS WOULD TAKE FULL EFFECT possibly by 2014 or whatever time is required to build and concession the refineries.
I am convinced that, if products are not imported and subject to the vagaries of the international market price, Nigerians can cope with petrol being sold above N65.
May the LORD GOD grant you His Wisdom and Grace to discern His Will at this time and the courage you require to obey Him.
God bless you.
GOD BLESS NIGERIA!